Claris Pharmaceutical rumored to be subject of takeover bids. The next target in the takeover of Indian injectible drug makers is Claris Lifesciences Ltd.
Investors
BYD Denies Share Sale
BYD, despite financial difficulties, denies share offer in the Hong Kong bourse. The Warren Buffett-Berkshire Hathaway backed Chinese automaker BYD Co Ltd denied a recent news report that the company is planning to sell new traded shares in Hong Kong's bourse.
NALCO sale nets US$116 million
Indian government NALCO share sale nets US$116 million. It was reported on Friday that the Indian government was able to raise $116million as proceeds of the sale of their shares with National Aluminium Co Ltd (NALCO).
Iconic Empire State Building Nearing IPO
Empire State Building to become REIT. The company controlling the Empire State Building has announced that a majority of its investors has approved a proposal to make the iconic building into a real estate investment trust or REIT.
Carlyle Group Elects Three More to Management Committee
Three more executives expand Carlyle Group Management Committee. The Carlyle Group, one of the world's top Global Alternative Asset Managers, has announced the addition of three Carlyle executives to the company's Management Committee.
Latest News
Taylor Morrison is now undertaking plans to market its IPO. Renowned homebuilder in the U. S. and Canada, Taylor Morrison Home Corporation (TMHC) will proceed with its initial public offering next week according to sources.
Solaire Manila Casino opens to fanfare and hoopla in Manila. Billionaire port magnate Enrique Razon' s Solaire Manila Casino will open tomorrow in the Philippines.
AB InBev and DOJ continue discussions on sale to Constellation of Grupo Modelo brands and brewery. Anheuser-Busch InBev NV and the Justice Department will seek court permission to extend talks on a settlement proposal of a lawsuit blocking the beermakers acquisition of Grupo Modelo SAB.
Time Inc will split from Warner Inc. The creation of the largest publicly traded magazine publishing company may just be the portent of deals that would also include ownership stakes in People Magazine and Sports Illustrated.
Stilfel acquires Knight Capital's fixed income sales and trading team. Stifel Financial Corp announced it is acquiring Knight Capital Group. The St Louis based brokerage firm would be acquiring the fixed income sales and trading team of Knight, comprising one hundred individual employees.
Viko contemplates sale and hires Credit Suisse for assistance. Viko, the family owned electric appliances manufacturer from Turkey, has hired Credit Suisse to sell the company for a price tag between US$500 million to US$1 billion.
Avis-Zipcar acquisition gets regulatory approvals in US and UK. The purchase of Avis Budget Group Inc of Zipcar Inc was successfully concluded. Avis Budget has fruitfully completed the requirements needed to comply with the U.
Dropbox purchases app maker Mailbox for an undisclosed amount. Leading online file storage technology firm Dropbox Inc announced that it would purchase the start up firm behind Mailbox, the hottest email management application in the market today.
M&S again reported to be subject of takeover bid, this time from the Qatari Investment Authority. The famed British retailer Marks and Spencer became rife with bid speculation again after a year of weak trading and flat share prices.
